What Every Parent Needs to Know About Saving for Their Child’s College Education - Saving for college for your child can be intimidating and confusing, but this article breaks down the best investment options for parents to consider and provides the necessary tools to set them on the right path.
With college costs rising at 8% annually, experts agree that saving for college is crucial for today's youth to be able to attend college. That said, there are many factors that contribute to a successful savings strategy. One of the most important factors is utilizing a 529 college savings plan, sometimes referred to as a 401(k) for kids, which accrues interest over time and is tax-deductible.
The cost of college tuition continues to rise at rates 5-8x faster than median American income. It's no wonder so many parents worry about how to pay for college. Learn how to start a college fund and 529 Plan options - including Private College 529 Plan